Alaska Airlines and Horizon Air parent Alaska Air Group reported second-quarter net income of $29.1 million, down 53.9% from a $63.1 million profit in the year-ago period, but said earnings improved excluding special charges owing to significantly lower fuel costs. The company said its results were affected by $35.8 million in transition costs on Alaska's new pilot contract and mark-to-market fuel hedge gains of $39.8 million, leading to a net profit of $26.5 million excluding special items. ...

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